Market Analysis
ADAUSD midweek: 0.2197 after fading 0.2315, week of 2026-09-07
ADAUSD sits at 0.2197 midweek, down 1.4 percent from Monday's open, with Tuesday's 0.2315 spike fully given back and 67.9 percent of positioning still long.
3 min readYou watched XAGUSD open the week at 58.915 and give ground into Friday. The high printed at 59.637 on Tuesday, the low reached 54.735 on Friday, and the close landed at 55.862. That is a net move of about 3.05 dollars lower from the Monday open, near 5.2 percent shed across the week.
The calendar carried no scheduled high-impact releases for silver this week, so the move ran on flows rather than a single data print. Price built early strength into Tuesday's 59.637 high, then rolled over. Wednesday closed lower at 57.742, and Thursday broke down hard to 55.549 after failing to hold the 57.80 area.
Dollar reference pricing out of Asia added a backdrop. The PBOC set its USD/CNY reference rate firmer than the Reuters estimate on Friday. A stronger dollar fixing tends to weigh on dollar-denominated metals, and the Thursday breakdown lined up with that pressure.
The bundle lists no scheduled high-impact events for the coming week. With the calendar quiet, expect price to take its cue from dollar direction and broader metals flow. If the dollar firms again the way it did around Friday's PBOC fix, silver typically faces renewed selling pressure. If the dollar softens, the metal usually gets room to stabilise and attempt a recovery of lost ground. Watch the daily close for confirmation rather than intraday spikes.
LHFX client positioning shows 62.8 percent long against 37.2 percent short as of 2026-07-17. That is a clear skew toward the long side even after a week of losses. Crowded longs into a falling market can mean traders are catching a knife, and a further leg down risks flushing those positions. The skew tells you consensus expects a bounce, which is worth respecting but not blindly following.
The Friday low at 54.735 is the first floor in play. If price closes below it, sellers keep the initiative and prior support gives way. On the upside, the 55.976 Friday high is immediate resistance. A close back above 57.80, the level that gave way on Thursday, would put the 58.90 open area back in the conversation. Silver often tracks its larger cousin, so keep Gold on the same screen for confirmation. You can follow both instruments live once you open an LHFX account.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
